Years of hard bargaining have failed to produce a policy architecture to adequately address the complexities of climate change. Very likely, such a structure will have to be sought though improvement of the partial architecture developed to date within the Framework Convention on Climate Change....

Policies under consideration within the Climate Convention would impose CO₂ controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how...

The MIT Emissions Prediction and Policy Analysis model is applied to synthetic policies that match key attributes of a set of cap-and-trade proposals being considered by the U.S. Congress in spring 2007. The bills fall into two groups: one specifies emissions reductions of 50% to 80% below 1990...